Maruti Suzuki to Invest Rs 35,000 Crore in New Gujarat Plant

• Maruti Suzuki will invest Rs 35,000 crore ($3.9 billion) to establish a new manufacturing plant in Gujarat.
• The new plant aims to add a production capacity of up to 1 million vehicles annually, starting from financial year 2029.
• This expansion is crucial for Maruti Suzuki to meet the growing domestic demand in India and boost exports.
• The company, India's top carmaker, currently has an annual production capacity of 2.4 million vehicles and faces an order backlog for entry-level models.
• Maruti's board has already approved an initial investment of 49.6 billion rupees for land acquisition for the plant.

Why It Matters: Maruti Suzuki is making a significant Rs 35,000 crore investment in Gujarat to expand production capacity.